44-122. Domestic company; stock reduction; procedure.
54 words·~1 min read·
/ne/chapter-44/44-122A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No reduction of stock shall be made except by approval of at least two-thirds of the directors. The directors, after such reduction of stock, may require such shareholder to surrender his or her stock and in lieu thereof may issue a new certificate for such number of shares as each shall be entitled to.